Canada: Market for Fully Or Partly Automatic Electric Machines For Arc Welding Of Metals 2024

Market Size for Fully Or Partly Automatic Electric Machines For Arc Welding Of Metals in Canada

The Canadian market for fully or partly automatic electric machines for arc welding of metals dropped to $X in 2022, which is down by X% against the previous year. Over the period under review, consumption faced a deep setback. The pace of growth was the most pronounced in 2021 when the market value increased by X% against the previous year. Over the period under review, the market hit record highs at $X.8B in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Production of Fully Or Partly Automatic Electric Machines For Arc Welding Of Metals in Canada

In value terms, production of fully or partly automatic electric machines for arc welding of metals declined modestly to $X in 2022 estimated in export price. In general, production saw a deep downturn. The most prominent rate of growth was recorded in 2016 when the production volume increased by X%. Over the period under review, production of attained the peak level at $X.7B in 2012; however, from 2013 to 2022, production failed to regain momentum.

Exports of Fully Or Partly Automatic Electric Machines For Arc Welding Of Metals

Exports from Canada

In 2022, overseas shipments of fully or partly automatic electric machines for arc welding of metals were finally on the rise to reach X units after two years of decline. Over the period under review, exports saw a measured expansion. The pace of growth was the most pronounced in 2015 when exports increased by X% against the previous year. As a result, the exports attained the peak of X units. From 2016 to 2022, the growth of the exports of failed to regain momentum.

In value terms, exports of fully or partly automatic electric machines for arc welding of metals surged to $X in 2022. In general, exports showed a strong expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

The United States (X units) was the main destination for exports of fully or partly automatic electric machines for arc welding of metals from Canada, with a X% share of total exports. Moreover, exports of fully or partly automatic electric machines for arc welding of metals to the United States exceeded the volume sent to the second major destination, South Africa (X units), more than tenfold. Mexico (X units) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual growth rate of volume to the United States amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Africa (X% per year) and Mexico (X% per year).

In value terms, the United States ($X) remains the key foreign market for fully or partly automatic electric machines for arc welding of metals exports from Canada, comprising X% of total exports. The second position in the ranking was taken by France ($X), with an X% share of total exports. It was followed by Belgium, with an X% share.

From 2012 to 2022, the average annual growth rate of value to the United States amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (X% per year) and Belgium (X% per year).

Export Prices by Country

In 2022, the average export price for fully or partly automatic electric machines for arc welding of metals amounted to $X per unit, growing by X% against the previous year. Overall, export price indicated a moderate expansion from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for fully or partly automatic electric machines for arc welding of metals increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2017 when the average export price increased by X%. The export price peaked at $X per unit in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was France ($X per unit), while the average price for exports to the United Arab Emirates ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to South Africa (X%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Fully Or Partly Automatic Electric Machines For Arc Welding Of Metals

Imports into Canada

In 2022, after two years of growth, there was significant decline in overseas purchases of fully or partly automatic electric machines for arc welding of metals, when their volume decreased by X% to X units. Overall, imports saw a noticeable slump. The growth pace was the most rapid in 2020 when imports increased by X%. Over the period under review, imports of hit record highs at X units in 2014; however, from 2015 to 2022, imports remained at a lower figure.

In value terms, imports of fully or partly automatic electric machines for arc welding of metals amounted to $X in 2022. Over the period under review, total imports indicated slight growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2013 when imports increased by X%. Imports peaked at $X in 2015; however, from 2016 to 2022, imports remained at a lower figure.

Imports by Country

The United States (X units), China (X units) and Finland (X units) were the main suppliers of imports of fully or partly automatic electric machines for arc welding of metals to Canada, with a combined X% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Finland (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) constituted the largest supplier of fully or partly automatic electric machines for arc welding of metals to Canada, comprising X% of total imports. The second position in the ranking was held by Japan ($X), with a X% share of total imports. It was followed by Austria, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the United States was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (X% per year) and Austria (X% per year).

Import Prices by Country

The average import price for fully or partly automatic electric machines for arc welding of metals stood at $X per unit in 2022, rising by X% against the previous year. Overall, the import price enjoyed temperate growth. The pace of growth was the most pronounced in 2017 when the average import price increased by X% against the previous year. The import price peaked at $X per unit in 2019; however, from 2020 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Japan ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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